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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. SGH2 is in negotiations to launch similar projects in France, Saudi Arabia, Ukraine, Greece, Japan, South Korea, Poland, Turkey, Russia, China, Brazil, Malaysia and Australia.

Waste 448
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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The “Inflation Reduction Act” will drive roughly 30GW/111GWh of energy storage build from 2022 to 2030, according to BNEF. Russia’s invasion of Ukraine has had a clear impact on energy storage deployments in Europe. Meanwhile, projects face long lead times to finance, develop and commission.

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SpaceX Starlink Starshield to provide internet service to governments

Teslarati

Lastly, governments may contract Starshield to build satellite buses to support customer payload missions. Starlink’s crucial role in the Ukraine-Russian War might have spawned the creation of Starshield. The EU Commission and the Pentagon have considered funding Starlink services in Ukraine.

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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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After Russia began its full-scale invasion of Ukraine in late February 2022, the impacts of reduced global refining capacity were exacerbated. HPCL’s Visakha Refinery is undergoing a major expansion, estimated at 135,000 b/d, which is scheduled to come online by 2023.

Global 448
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German official calls for “Tesla Speed” efforts to shift away from Russian gas

Teslarati

‘If I had told you during the election campaign that I would build an LNG (liquified natural gas) terminal in ten months’ time, you would have said, ‘Here are these politicians with their weird election campaign promises, they never keep them.’ Fortunately, other entities seem to be on the same page as the official.

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